Cost function is the representation of the relationship between the cost and its determinants such, as the size of plant, level of output, input prices, ...

The curve long run average cost curve (LRAC) takes the scallop shape, which is why it is called an envelope curve. As the long run average cost curve is ...

Demand/ sales forecasting passes through a number of steps. Some of the Important Steps Involved in Demand Forecasting among theses are: Nature of Forecast: We ...

Small industry sectors need remedies for industrial sickness to increase the competitive strength and viability in them. The different remedies are as follows: ...

The relationship between the Managerial Economics and other disciples may be known from the fact that it helps the business management students to identify the ...

Manufacturing units are of two types: registered or organized manufacturing and unregistered or unorganized manufacturing. Registered manufacturing are those ...

Demand for money and supply of money: Money is a function of four medium, standard, unit and store. Money is anything which performs following four ...

Investment Function: The classical economists opined that saving as well as investment both are a function of rate of interest. Saving is a direct function ...

Circular flow of income in a two sector economy: (Without Financial Sector): In two sector economy, it is assumed that government has no interference. Economy ...

Under the following circumstances, an employer shall not be liable to pay any compensation. to a workman: When injury does not result in disablement for ...